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Apple Misses

Tyler Durden's picture




 

The inconceivable just happened:

  • APPLE 4Q REV. $28.27B, EST. $29.60B                  
  • APPLE 4Q EPS $7.05, EST. $7.31                        
  • APPLE SOLD 11.12 MILLION IPADS DURING QTR, EST. 11.5M
  • APPLE SOLD 17.07 MILLION IPHONES IN QTR, EST. 20M     :

And for the first time ever, Apple is a mortal company, and instead of sandbagging forecasts, now projects more than the consensus:

  • Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30
  • The street: Revenue at $36.776, EPS at $9.017

Sad.

From the release:

The Company sold 17.07 million iPhones in the quarter, representing 21
percent unit growth over the year-ago quarter. Apple sold 11.12 million
iPads during the quarter, a 166 percent unit increase over the year-ago
quarter. The Company sold 4.89 million Macs during the quarter, a 26
percent unit increase over the year-ago quarter. Apple sold 6.62 million
iPods, a 27 percent unit decline from the year-ago quarter.

 

“We are thrilled with the very strong finish of an outstanding fiscal
2011, growing annual revenue to $108 billion and growing earnings to $26
billion,” said Tim Cook, Apple’s CEO. “Customer response to iPhone 4S
has been fantastic, we have strong momentum going into the holiday
season, and we remain really enthusiastic about our product pipeline.”

Stock after hours:

And as a reminder, more hedge funds hold Apple than any other stock:

 

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Tue, 10/18/2011 - 17:43 | 1787004 MFL8240
MFL8240's picture

Anyone know what paper Gold means?

Tue, 10/18/2011 - 17:50 | 1787030 Caviar Emptor
Caviar Emptor's picture

I think it's folks running more cautious with what money they have left. They're no longer expecting a V-shaped recovery :-) And their jobs are in question. Apple has also saturated the first and second tier customers for now. 

Tue, 10/18/2011 - 18:09 | 1787096 lolmaster
lolmaster's picture

Please. 1st $1T co here. No one cares about reg loserton

Tue, 10/18/2011 - 18:09 | 1787100 Frank N. Beans
Frank N. Beans's picture

oh poor apple, down 7 whole percent after hours, oh boo hoo.  those poor applers.

fuck, my FAZ tanked 13 percent today and I bought more. 

Tue, 10/18/2011 - 18:31 | 1787148 lolmao500
lolmao500's picture

NASDAQ is gonna die.

Tue, 10/18/2011 - 18:35 | 1787162 HomerToeclipper
HomerToeclipper's picture

I'm now under an Asian Director and man, I'll tell you they want three things: 1) Work your ass to the bone and 2) Always say "YES!" 3) NEVER report behind schedule - and if it is, LIE!

First thing Asian Director did (from Ivory Tower Asian Land) was inform all subjects they need to change attitude! - He acknowledged team being sort-staffed and highly productive, but we must stretch even further, not complain and say "Yes we can"!  Jesus Fucking Christ on a raft!

I wish I was fucking his wife, then I'd get satisfaction out of all this.

 

 

Tue, 10/18/2011 - 18:44 | 1787176 adr
adr's picture

ahhhhhhhhhh haha ha hahahahahahaah ahhhhhhhhh haaaaaaaa hahahaahah uh uh uh uh......

hahahahahahahahahaaaahhahah

Seriously Apple missing it's own low ball bullcrap estimate is a sign of the freakin apocolypse man. Game over. Jobs must have not been there to sign the faulty book or what's left of the management team couldn't find it so they had to use the real one.

I'll crack open my bottle of Johnnie Walker Blue if Apple drops to $200.

Tue, 10/18/2011 - 18:53 | 1787191 SwingForce
SwingForce's picture

God bless Steve Jobs, fuck you and your numbers.

Tue, 10/18/2011 - 19:44 | 1787290 bill1102inf
bill1102inf's picture

LMAO, AAPL will be making 6 Billion/Qauter before the US balances its budget.  All AAPL products launch in 22 new countries, now.  4.7 MILLION Iphone 4gs moved. In one weekend.  Regardless of their stock price ( I wont play aapl there is no need to ) AAPL is one of the best real companies the world has ever seen.  $ wise that is.

Tue, 10/18/2011 - 19:51 | 1787306 Hephasteus
Hephasteus's picture

Apple cannabilizes it's customers. So it eats them shits them out eats them again shits them out eats them again shits them out. I think maybe they got a few mixed together cause 4.7 million people didn't buy iphone 4gs.

Tue, 10/18/2011 - 19:53 | 1787310 bill1102inf
bill1102inf's picture

and the best company profit/book wise in the entire world other than oil

Tue, 10/18/2011 - 20:07 | 1787333 Hephasteus
Hephasteus's picture

Ya but apple is much more popular than oil. Everyone knows that.

ROFLMAO

Tue, 10/18/2011 - 19:45 | 1787291 Alex Kintner
Alex Kintner's picture

 OMG. Check this after hours quote.
Freakin eh,  Bad Omen.

AAPL Apple Inc     422.24     394.10     -6.66%

Tue, 10/18/2011 - 19:48 | 1787301 Hephasteus
Hephasteus's picture

Quick get out there and flip some houses so the FED can legally print money and give it to apple. Otherwise they'll get caught. With oh countefeit deeds.

Wed, 10/19/2011 - 01:35 | 1787990 Freddie
Freddie's picture

Speaking of hedge funds - did Paulson own this one too?

I think with Apple down there will a rush/rotation to quality banks stocks like Citi, B of America, JPM Chase, Wells. ;-)

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